Meritage Homes (NYSE:MTH) Releases Q2 2026 Earnings Guidance

24 Apr 2026, 10:32 by Doug Wharley · The Cerbat Gem

Meritage Homes (NYSE:MTH – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.180-1.460 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of -.

Meritage Homes Stock Performance

Shares of NYSE:MTH traded down $0.14 during mid-day trading on Friday, reaching $69.76. The company had a trading volume of 114,872 shares, compared to its average volume of 1,006,183. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.58 and a beta of 1.50. The company’s 50-day moving average price is $67.70 and its 200-day moving average price is $69.43. Meritage Homes has a one year low of $58.03 and a one year high of $84.74.

Meritage Homes (NYSE:MTH – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.73). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.55 billion. Meritage Homes had a return on equity of 8.02% and a net margin of 6.86%.The company’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same period last year, the firm posted $1.69 EPS. As a group, equities research analysts anticipate that Meritage Homes will post 5.68 EPS for the current fiscal year.

Meritage Homes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This is an increase from Meritage Homes’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.8%. Meritage Homes’s dividend payout ratio is 30.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MTH shares. Keefe, Bruyette & Woods decreased their price objective on Meritage Homes from $78.00 to $76.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 3rd. Bank of America decreased their price objective on Meritage Homes from $74.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday. Zacks Research upgraded Meritage Homes from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. UBS Group set a $95.00 price objective on Meritage Homes in a research note on Friday, January 30th. Finally, Citigroup started coverage on Meritage Homes in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Meritage Homes has a consensus rating of “Moderate Buy” and a consensus target price of $82.11.

Get Our Latest Stock Report on MTH

Insider Transactions at Meritage Homes

In other news, CEO Phillippe Lord sold 32,820 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $76.49, for a total value of $2,510,401.80. Following the transaction, the chief executive officer owned 260,389 shares of the company’s stock, valued at approximately $19,917,154.61. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Javier Feliciano sold 3,580 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $76.24, for a total transaction of $272,939.20. Following the completion of the transaction, the executive vice president directly owned 44,935 shares in the company, valued at approximately $3,425,844.40. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 47,622 shares of company stock valued at $3,640,273. 2.50% of the stock is currently owned by company insiders.

Key Stories Impacting Meritage Homes

Here are the key news stories impacting Meritage Homes this week:

Positive Sentiment: Management emphasizes inventory discipline and community growth that helped offset softer demand, signaling controlled exposure to cancellations and a more measured land/lot cadence. MTH Q1 deep dive: Community growth and inventory discipline offset muted demand
Positive Sentiment: Company still holds a sizable cash balance and modest leverage versus peers, which provides financial flexibility to pursue selective community openings and margin recovery actions. Meritage Homes Corporation (MTH) Stock Falls on Q1 2026 Earnings
Neutral Sentiment: Full earnings call transcript, slides and the conference call are available for investors who want to dig into backlog, cancellations, and regional demand trends before acting. Meritage Homes Corporation (MTH) Q1 2026 Earnings Call Transcript
Neutral Sentiment: Analyst coverage is mixed with a median 6‑month target near $76; some firms remain constructive while others have lower targets — monitor any revisions after the print. Meritage Homes Corporation (MTH) Stock Falls on Q1 2026 Earnings
Negative Sentiment: Q1 results missed materially: revenue (~$1.12B) and EPS came in well below consensus with significant YoY declines in gross profit, operating profit and net income — the operational hit triggered the initial sell reaction. Meritage Homes (MTH) Lags Q1 Earnings and Revenue Estimates
Negative Sentiment: Management updated Q2 EPS guidance to a range below Street expectations (1.18–1.46 vs. consensus ~1.52), signaling near-term margin pressure and a slower recovery than some investors hoped. Meritage Homes Balances Margin Pain With Growth Plans
Negative Sentiment: Notable insider selling and institutional trimming were reported in recent filings, which can weigh on sentiment while the company navigates margin recovery. Meritage Homes Corporation (MTH) Stock Falls on Q1 2026 Earnings

Institutional Trading of Meritage Homes

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in shares of Meritage Homes by 265.5% during the third quarter. Larson Financial Group LLC now owns 402 shares of the construction company’s stock valued at $29,000 after buying an additional 292 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Meritage Homes by 194.9% during the second quarter. EverSource Wealth Advisors LLC now owns 699 shares of the construction company’s stock worth $47,000 after purchasing an additional 462 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Meritage Homes during the fourth quarter worth about $49,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Meritage Homes by 23.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,429 shares of the construction company’s stock worth $104,000 after purchasing an additional 268 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Meritage Homes by 22.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,592 shares of the construction company’s stock worth $106,000 after buying an additional 296 shares during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Meritage Homes Company Profile

(Get Free Report)

Meritage Homes Corporation is a national homebuilder and residential developer headquartered in Scottsdale, Arizona. Founded in 1985 as Winchester Homes and later rebranded to Meritage Homes, the company specializes in designing, constructing and selling single‐family detached and attached homes. With a focus on energy efficiency and sustainable building practices, Meritage Homes markets its properties under the GreenSmart program, which integrates high‐performance features aimed at reducing long‐term energy and water consumption for homebuyers.

The company’s core activities encompass land acquisition, residential community planning, home design, construction management and real estate sales.